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Search Results 0 to 49 of about 128 (some duplicates have been removed)
this number at all. leading the band is the legendary ceo of general electric, jack welch. jack, you made a lot of news today. here's the tweet you put out this morning. unbelievable jobs numbers. these chicago guys will do anything. can't debate, so change numbers. and i'm just wondering, i understand the way it works the president gets a heads up on the unemployment number 4:00 the day before and has to keep it to himself. you're saying in your tweet this morning that the news went the other way, the people working for the president somehow got the bureau of labor statistics and played with the numbers so it's down below 8 today. how does it work from your perspective? what happened here? >> all i can talk about are some of the numbers. we had 600,000 government jobs added in the last two months. we had 873,000 jobs by a household survey, which is a total estimate, from 50,000 phone calls. of those 600,000 were temporary workers. chris, these numbers are all a series of assumptions. tons of assumptions. and it just seems somewhat coincidental that the month before the election the numbe
've sea got jobbers. >> business pioneer jack welch calls these numbers into question. >> these numbers don't smell right. >> jack welch was a successful businessman. >> this is about asking questions. >> on this subject he has absolutely no idea what he's talking about. congressman west, take it away. >> you can't deny the numbers. >> don't challenge my intelligence. >> there's not a shred of evidence they've ever manipulated this number. >> people have stopped looking for work. >> more and more people have just stopped looking for work. >> that is definitely not the case. >> completely wrong. >> people are not giving up. they're going back into the work force. >> i think i get the last word. >> i won't allow that to happen and that is why i'm running for a second term of president of the united states. >>> good evening, i'm ezra klein in for lawrence o'donnell. it's 32 days until the election, though we are only 5 days into october, we've already had two october surprises. first, there was president obama's weak debate performance. and then today the jobs report, the second-to-last mo
-elected. fudging the facts on jobless numbers for political gain. we talk to jack welch, one of america's all-time great ceos. his tweet launched the controversy. the question tonight, does he stand by it? you'll hear from him in a moment. he was tweeting about september employment data which came out this morning showing the economy adding 114,000 jobs last month, and the jobless rate falling by .3 to 7.8%. that would be the lowest since president obama took office. now, before we get into what jack welch tweeted, here's how president obama reacted to the economic news. >> today's news should give us some encouragement. it shouldn't be an excuse for the other side to try to talk down the economy just to try to score a few political points. it's a reminder that this country's come too far to turn back now. >> president obama on the campaign trail today. now here's what mitt romney said. >> the unemployment rate as you know this year has come down very, very slowly but it's come down nonetheless. the reason it's come down this year is primarily due to the fact that more and more people have ju
into what jack welch tweeted, here's how president obama reacted to the economic news. >> today's news should give us some encouragement. it shouldn't be an excuse for the other side to try to talk down the economy just to try to score a few political points. it's a reminder that this country's come too far to turn back now. >> president obama on the campaign trail today. now here's what mitt romney said. >> the unemployment rate as you know this year has come down very, very slowly but it's come down nonetheless. the reason it's come down this year is primarily due to the fact that more and more people have just stopped looking for work. >> he went on to say the country can do better, which is about what you would expect him to say, same as you would expect president obama to say what he said. that's the way the two sides do it, year in, year out, campaign after campaign. what no one does, at least not until now, is look at the numbers and suggest the fix is in. this morning, though, jack welch did tweeting, quote unbelievable job numbers. these chicago guys will do anything. can't de
't debate so change numbers. tweeting in regards to today's jobs report, i agree with jack welch, chicago style politics is at work here. more about jack welch and g.e. and accurate numbers more in this show later. we have an interview with cnbc. >> we have a very professional civil service organization where you have top, top economists that work at the bls. it's really ludicrous to hear that kind of statement. >> eliot: and the always wise economic adviser had this message for jack welch. i quote love you jack, but here you've lost your mind. what a coincidence joining me now is austan goolsbee, former chairman of president obama's council of economic visors. conspiracy theories running wild, and how you generate them. what is your take on this. >> okay, the numbers come from iron fortress, somewhere in the bls. it's absolutely and totally ridiculous to say some how some political people changed the numbers in bls. it makes no sense whatsoever. look i'm friends with jack welch. he's a great guy. i have no idea what he's talking about. this is birtherrest crazy stuff. i don't know how yo
of general electric, jack welch, who joins us right now. jack, you made a lot of news today. here is the tweet you put out this morning. unbelievable jobs numbers. these chicago guys will do anything. can't debate so change numbers. and i'm just wondering, i understand the way it works is the president gets a heads-up on the unemployment number 4:00 the day before and has to keep it to himself. you're saying in your tweet this morning that the news went the other way, that the people working for the president somehow got the bls, the bureau of labor statistics, and played with the numbers so it would come down below 8% today. how does it work from your perspective? what happened here? >> well, chris, all i can talk about are some of the numbers. we had 600,000 government jobs added in the last two months. we had 873,000 jobs by a household survey, which is a total estimate from 50,000 phone calls. of those 600,000 were temporary workers. chris, these numbers are all a series of assumptions, tons of assumptions, and it just seems somewhat coincidental that the month before the elec
to have. tweeting doesn't seem like something i'd hear from jack welch. unbelievable job numbers, fair enough. these chicago guys will do anything to change the numbers. what evidence do you have to the chicago guys got to the bureau of labor statistics and jimmied these numbers by 0.3%. >> i have no evidence. i just raised the question. >> you didn't raise the question. you are asserting in your tweet that you put out at 8:35 this morning, five minutes after the report came out that did you talk to the economists or anyone who understand how the numbers were put together before you accused the chicago guys of changing the numbers? >> chris, i know these numbers are gathered by a series of wild assumptions, maybe they weren't right at 8.5. maybe they weren't right at 8.4. but it seems coincidental that one month before the election, they would end up at 7.8. the president today is on the stump. the president, all he's talked about is 7.8. he didn't mention 600,000 jobs added in the government sector. >> see -- it's not your attitude about obama people care about, it's your analysis. yo
? this is big news. >>> former general electric ceo jack welch set off a firestorm yesterday sending out this tweet questioning the validity of yesterday's unemployment numbers accusing the administration of changing the numbers. mr. welch appeared on "anderson cooper 360" last night to talk about those allegations. >> i got a tweet out there that i stand by. >> right, but you don't, you don't regret -- >> i can't prove anything that they did anything to anything. >> in your heart you believe they somehow cooked the books? >> i don't really know. but i do know this. these numbers are implausible. >> but, you know, so many politicians these days are saying, you know, michele bachmann will say something that is not correct or not provable and say, look, i'm just asking the question. is it responsible to say, i'm just asking the question, but to say these chicago guys will do anything -- >> should have put the question mark at the end, like i did last night. a question mark would have been better at the end of that. >> so, you are kind of backing away from the chicago guys part? >> i'm not
, i think they'll be l. >> hey, larry, huge interview tonight. you have jack welch, what else is cooking? >> 7.8% unemployment. is this magic number of president obama for real or was it cooked? good evening, i'm larry kudlow. this is "the kudlow report." team obama doing a victory lap, rejoicing over the 7.8% victory lap. my guest, jack welch, is questioning whether the numbers were cooked to help president obama. mr. welch will respond live and talk to me in a moment. this whole thing comes as the romney roll continues. scott rasmussen has three polls showing a dead heat in battle ground states, hai, virginia, florida. even the liberal magazine "the new yorker" sees it on their front cover, mitt romney pulling a clint eastwood, debating an empty chair. first up, it was the tweet that was heard around the world. my good friend jack welch set off a social media firestorm. take a look at his tweet. "unbelievable jobs numbers. these chicago guys will do anything. can't debate so change numbers, end quote. he's chase by accusing the white house of skewing the data to help preside
right now. >>> 7.8% unemployment. did president obama just win next month's election? jack welch says hold your horses on that 7.8% number. he doesn't really believe it. an influential florida congressman agrees. we'll talk to that congressman live and ask him on what he bases his suspicions. >>> a place in the united states where gasoline has now become hard for drivers to find. you will find out why coming up on "power lunch." >>> meantime, let's go to sue at the new york stock exchange. sue? >> the markets have been up all day long. we're up about 60 points or so on the dow jones industrial average and the big reason of course is the number that we got this morning, falling unemployment. we are now below the 8% level for the first time in four years. the question is how did we get there? here to explain all of that, our senior economics reporter steve leisman. steve? >> sue, thanks very much. sue, this number is a product of simple math. but whether it's telling us about the real strength of the job market is something investors and the fed are going to have to think long and hard
was on twitter. the former ceo of general electric jack welch, general electric i should say is a minority owner of this company, mr. welch tweeted, quote, unbelievable jobs numbers. these chicago guys will do anything. can't debate so change numbers. jarek jarek -- jack welch accusing the white house of manipulating this month's jobs data so it would look better for the president. always up for a good conspiracy theory republican congressman alan west of florida concurred and wrote, quote, in regards to today's jobs report i agree with former ge ceo jack welch. chicago style politics is at work here. from there it was sort of off to the races. republican congressman paul brown of georgia, quote, september jobs report raises questions. quote, i don't think bls cooked numbers. i think a bunch of dems lied about getting jobs. that would have the same effect. that was from a senior writer at something called the washington examiner, a conservative thing online. eric bolling who is at fox news, he wrote, wow. obama labor department smarter than all 25 of america's top economists. or something far mo
. jack welch, the former v. owe of general electric, tweeted this. welch later came on cnn's "anderson cooper 360" and said if he had that tweet to do over again, he would have added one thing. >> so many politicians these days are saying like michele bachmann will say something that factually is nocht correct and they'll say i'm just asking the question. is it responsible to say i'm just asking the question, but to say they'll do anything. >> i should have put the question mark. a question mark would have been better at the back of that. >> so you are kind of backing away -- >> i'm not backing away. >> you wish you could amend your tweet? >> i wish i added a question mark to the back of it. but the same implications. >> to say something like this is like donald trump saying that president obama is not an american citizen without any proof. you are jack welch. you got to take this opportunity while everybody is listening to you to actually say yes, anderson, i'm taking that tweet back. i'm going to accepted a new tweet to say i was exaggerating. there are problems, maybe bls should loo
theorists who openly suggested the white house manipulated the numbers. forward ceo jack welch led the crowd with this tweet "unbelievable jobs numbers. these chicago guys will do anything can't debate so change numbers". he refused to back down on last night's msnbc. >> i have no evidence to prove that. i just raised the question. >> you didn't raise the question. you said these chicago guys will do anything so they change the numbers. you want to take that back? >> this is an assertion. >> jimmying with these numbers. corruption here. infiltration or getting to -- it's not funnies jack. you're talking about the president of the united states playing with the bureau of labor statistics numbers. this is mixing stuff. do you want to take back the charge here? >> i don't want to take back one word in that tweet. >> oh, this is good. what's the word from the white house folks today on these jobs numbers? are they being cautious about them at all? >> you heard the president be cautious. the president and his advisers and everybody on down the line is going to be very quick to add that there are
," but i don't get it. >> a much stronger reaction from former ge ceo jack welch who tweeted unbelievable jobs numbers. these chicago guys will do anything. can't debate, so change numbers. and from florida tea party congressman alan west. he put up i agree with former ge ceo jack welch. chicago-style work involved it. solis responded to the suggestion the numbers were cooked. >> i'm insulted when i hear that, because we have a very professional civil service organization where you have top, top economists that work at the bls. they've been doing these calculations. these are our best trained and best skilled individuals that have been working in the field. it's really ludicrous to hear that kind of statement. >> let's bring in our "news nation" political panel today. john harwood and zachary ca caribel. thank you, gentlemen, for joining me. john, i want to come to you first because i want to play what president obama and governor romney said just a short time ago reacting to the jobs reports. let me play those first, both of them. >> there were fewer new jobs created this month than last
in the latest job report and showing a dip in the unemployment. former chairman jack welch is skeptical. meaning that employers added a modest 114,000 jobs and the drop comes at a critical time for the president who is coming off a weak debate performance with romney. joining us is new york times best selling author out with the latest book. ann coulter. at this point in time the president said we will be at 5.6 and enjoying that part of the economy and a more comfortable position and now they are running with this new number. what is your response. >> it is noticeable that a lot of economist are saying this is not possible. you would need more than 114,000 jobbings. i don't think it matters except to broadcasting tv shows or writing for newspaper what number they throw up on the screen. people know they are out of work and in jobs and they are way overqualified for and working part-time. so many people are going out of business and under working now. 23 million unemployed difference does it make? >> the numbers simply write away the 211,000,000 people stopping to look for people. >> oh, yes. pe
in conservative corners were arguing about the actual numbers. jack welch had a tweet about unbelievable jobs numbers, the chicago guys will do anything, can't debate because they change the numbers. he was on "hardball" with chris matthews and this is how he explained what's behind this analysis. >> i've reviewed 14 businesses this week from restaurants to rental cars, to widgets. i have seen everybody with a, a third quarter equal to or weaker than the first quarter. in order to get 873,000 new jobs, you would have to have a gdp going at 4% to 5%. the second quarter was downgraded from 1.7 to 1.3. the third quarter is not going to be very strong. it just defies the imagination to have a surge larger than -- any surge since 1983, a month before the election. i leave it to you to do all the analysis. >> you know -- >> one of the most important ceos of america, formerly of general electric does this ring true to you, speaker? >> actually since it's a survey, is this outside the statistical bounds of their survey, which is plausible, but irrelevant. what's interesting is you have a president, w
some were arguing about the actual numbers. jack welch made a lot of headlines with a tweet that said, unbelievable jobs numbers. these chicago guys will do anything. can't debate so they change the numbers without any substantiation. he was on "hardball" with chris matthews and this is how he explained it. >> i've reviewed 14 businesses this week. from restaurants to widgets. i have seen everybody with a third quarter equal to or weaker than the first quarter. in order to get 873,000 new jobs, you would have to have a g.d.p. going at 4% to 5%. the second quarter was downgraded from 1.7% to 1.3%. the third quarter is not going to be very strong. it just defies the imagination to have a surge larger than any surge since 1983 a month before the election. i leave it to you to do all the analysis. >> one of the most important ceos in america. formerly of general electric. does this ring true? >> well, it rings true to me. since it's a survey, is this outside of the statistical bounds of their survey, which is plausible but irrelevant. but you have a president who says last budget got zero
. was the five-year-old tape really news and jack welch acushion the obama team of cooking the books on the latest jobs fegs. really? ♪ [ male announcer ] one in six. that's how many struggle with hunger in america. ♪ but what if there was a simple way to feed those in need? now, there is. shop walmart for select brands' low prices through october 12th and you help secure meals for local families. go to walmart.com/hunger and learn more about how you can join the fight. because hunger is a big probm and it needs a big answer. now we need a little bit more... a little bit more vanilla? this is great! [ male announcer ] at humana, we believe there's never been a better time to share your passions... because the results... are you having fun doing this? yeah. that's a very nice cake! [ male announcer ] well, you can't beat them. [ giggles ] ohh! you got something huh? whoa... [ male announcer ] humana understands the value of spending time together that's a lot of work getting that one in! let's go see the birdies. [ male announcer ] one on one, sharing what you know. let
explanation. >> okay. look, it's not just jack welch, whom we heard from, perpetuating this conspiracy theory. look at these interviews. congressman alan west, senator john mccain both on cnbc. here we go. >> i know. >> you are alleging specifically that the president is engaging in a cover-up of the data. you are saying that the administration is actively manipulating that data. correct? >> well, absolutely. >> frankly, i am not enough of an economist to question exactly what those numbers are. our discussion about the warren act that just took place where there are blatant violations of the law, i wouldn't put anything past this administration. >> you know, these are sitting members of congress. >> yeah. >> alan west won, of course. we know his party. he's very conservative nap said, john mccain. are you surprised by his comments? >> i'm very surprised by his comment. all of those comments, they're not just deeply irresponsible, but without a shred of evidence they are casting doubt about a very important number in our economy. now, if you understand the way the bureau of labor statistics c
people on both sides of the aisle. jack welch is almost famous or infamous by now. jack welch, the former ceo of general electric, tweeting out that, you know, the innuendo that the bureau of labor statistics had cooked the books. that was called utter nonsense by the deputy white house spokesman. others, including jared bernstein, who is an economist here until recently in the white house, said that welch should be ashamed of himself. you know, he's sort of out there on an island, jack welch. he was on "hardball" last night and he said he wouldn't take a word back of that tweet, but he admitted he had no evidence the to back it up. again, there are people on both sides of the aisle who are rushing to defend the integrity of the people who get those numbers together every month, melissa. >> the president said the burden is now on congress. what is it that the president now wants congress to do? >> reporter: congress is not coming back until after the election. that is clear. and the first order of business at the lame duck session is what to do about the fiscal cliff, this whammy, this tr
chief jack welch on the record saying he thinks there are funny numbers at work here and it is tied to the president's for performance. connell: californians hoping you filled your gas tank yesterday because prices spiking overnight on the west coast. we will tell you about that. dagen: stocks every 15 minutes. nicole petallides at the stock exchange with some green. nicole: this is a day on wall street. we got the monthly jobs report which came as a complete surprise to everybody on wall street as we look at the dow jones industrials which are up 65 points but the dow has moved to levels we have not seen since december of 2007. highest level for the dow since 2007 and among the dow components so many of them are hitting 52 week highs. home depot and verizon and general of dr. kent walmart and pfizer and ibm, merck and 3 m. many viewers may own mutual funds. as traders digest this monthly jobs reports some are trying to make heads or tails of it. a shock on wall street but right now this market continues to move to the upside. connell: we should hear from the president on his reacti
implication is there. >> i'm going to bring in ali velshi. ali, what do you make of jack welch's tweet, and what do you think tonight? >> anderson, they very troubling. anybody who has asked me in my entire career in america who the best one is, that is jack welch. there are ceos and all sorts of people retweeting what he said. he is absolutely right, there are questions to be asked about the methodology. that household survey that comes up with the unemployment number, i have said in my entire career that people should pay less attention to it. pay attention to hours worked and pay attention to wages and income. that's what touches people. but to say something like this is like donald trump saying president obama is not an american citizen without any proof. you are jack welch. jack, you've got to take this opportunity while everybody is listening to you to actually say, yes, anderson, i'm taking that tweet back. i'm going to send a new tweet to say i was exaggerating. there are problems, maybe bls should look into it, but throwing out the accusation, that's like asking the government
Search Results 0 to 49 of about 128 (some duplicates have been removed)